Tracey McDermott has given an update on the recent fines levied by FCA, and FCA's determination to improve the culture within firms and to ensure they treat their customers fairly. She discussed current themes in enforcement and said FCA continues to be concerned about compliance with AML requirements. She moved on to discuss the difficulties of bringing senior management to account and said FCA has been working to improve its prospects of successful actions against senior management even before and outside the current proposals relating to banks. She spoke of FCA's commitment to early intervention and that it is considering how best to publicise and quantify its efforts to take action before things go wrong. (Source: FCA Speaks on Financial Crime)